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Originally Posted by KTrain
Netflix is absolutely killing it on original/exclusive content. They're all over the map in terms of genres and almost everything they're pumping out is good.
The revenue in 2016 was $8.83 billion to earn a profit of $186.7 million. They're spending a lot of money on talent, content and infrastructure.
The last quarter of 2016 they added 7 million new users and expecting another 5+ the first quarter this year.
Remember in 2011 when everyone thought they were going to die because they separated their physical media subscriptions from the streaming? Should have bought stock at that point (~ $15-16).
Blockbuster had the chance to buy Netflix for $50 million in 2010. They might be the stupidest company to exist.
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Was in 2000 actually.
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In 2000, Netflix offered to be acquired by Blockbuster for $50 million, but the offer was declined.[20] Netflix initiated an initial public offering (IPO) on May 29, 2002, selling 5.5 million shares of common stock at the price of US$15.00 per share.
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I don't think it was a terrible turn down by Blockbuster at that time. If it was in 2010 they certainly would be the dumbest company ever.